Cinemex has become the first cinema chain in the U.S. to emerge with a restructuring plan after filing for Chapter 11 bankruptcy protection in Miami during the COVID-19 pandemic, according lawyers who hatched the deal.
It was a resolution that took creative thinking and compromise, and could offer some lessons for other struggling businesses.
Cinemex Holdings USA Inc. operates more than 40 luxury movie theaters known as "CineBistros," as they include dine-in meals and waiter service. One of its theaters is in the Brickell City Center shopping mall.
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Raychel Lean
Raychel Lean is ALM's Florida bureau chief, overseeing the Daily Business Review. Email her at [email protected] or follow her on Twitter via @raychellean.
